what's internet computer?
The Internet Computer is a blockchain project developed by the DFINITY Foundation, designed to serve as a decentralized alternative to traditional cloud computing infrastructure. Its primary purpose is to enable smart contracts, known as canisters, to run at web speed and scale, directly hosting and serving interactive web content to users' browsers without relying on centralized servers. Key features include the Network Nervous System (NNS), an on-chain governance system that allows token holders to vote on network proposals in a permissionless manner, ensuring decentralized control. It supports seamless interoperability with other blockchains through Chain Fusion technology and emphasizes security by replicating computations across multiple data centers. The project aims to power a new generation of decentralized applications (dapps), DeFi services, and enterprise systems, fostering an open internet ecosystem. Recently, it has gained attention in the DePIN (Decentralized Physical Infrastructure Networks) narrative, ranking highly in mindshare for its role in enabling canister-based computing and storage rentals.
Internet Computer enabled native Bitcoin borrowing via LiquidiumFi and generated $77.2K revenue, ranking 3rd.
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Enabled borrowing against native Bitcoin without bridging or wrapping through LiquidiumFi integration, allowing users to borrow USDT on Ethereum using Bitcoin as collateral.
Generated $77,200 in chain revenue over 24 hours on April 11, 2026, ranking third among chains behind Tron and Base.
Gained 11.6% to $2.55 on April 8, 2026, ranking among top 10 daily gainers; trades at $2.37 with projected run to $10-24.
launched at $750 per token with a fully diluted valuation near $400 billion
Suffered a $280 million hack on April 1st, 2026 through social engineering attack where attackers compromised 2 out of 5 multisig signers and drained vaults containing JLP, SOL, BTC, USDC, and over 15 tokens total.
Had a bridge contract frozen by Circle on March 23rd, 2026 affecting thousands of users who had no connection to Circle's civil lawsuit, with one of the frozen wallets being a dfinity bridge contract.
Resolved Odin Fun outage that prevented Bitcoin token trading, caused by hitting 4M ledger entry limit with mo:map/Map stable memory implementation which exceeded instruction limits during updates.
Generated $0.3M in revenue during Q1 2026.
Trades at $2.29 as of April 2026, down 99.7% from launch price, and -22.2% year-to-date.
Ranked 5th in social activity among RWA projects with 419.2K mentions according to LunarCrush data.
Liquid staking pool NICP on WaterNeuron has TVL of $6.27M with APR of 16.43%.
Generated $154.8K in revenue over a 30-day period, ranking 10th among L1 blockchains by revenue.
Partnered with United Nations Development Programme (UNDP) and Monetary Authority of Singapore (MAS).
Price increased 13% to reach $1.5B FDV on March 11, 2026.
Listed on Upbit
Listed among top gainers on March 6, 2026.
Ranked #5 among Layer 1 blockchains by development code commits over a 365-day period in a comparative analysis.
Listed as top gainer among major cryptocurrencies on March 4, 2026.
Plans to launch Chain Name System (CNS) for improved usability.
Plans to add support for Dart, Java, C#, Go, and Swift programming languages.
Experienced 750K ICP minting spike in February 2026.
Burned 2.5M+ tokens year-to-date through February 2026.
Reached 3M Internet Identities, with new wallets created increasing 400% in the past month compared to the prior month.
Ranked 8th in top gainers with a +23.62% price increase on February 27, 2026.
Bitwise filed for an Internet Computer ETF in 2026, pending regulatory approval.
Launches Cloud Engines, an AWS-level cloud infrastructure featuring one-click deployment, S3 bucket controls, regional node selection, and scalable private infrastructure segments.
Economic model update rolls out February 21, 2026, allocating 80% of cloud engine revenue to node providers and implementing a buy-and-burn mechanism using 20% for ICP token burns.
Ranked 2nd among crypto AI projects by development activity by Santiment on March 20, 2026.
Ranked A Tier in an AI crypto tier list for its decentralized onchain compute and AI hosting for apps and agents.
Achieved maximum throughput of 25,621 transactions per second measured over 100 blocks, ranking fifth among major blockchain networks in this benchmark.
Reached 1,000+ Diode Collab Zones running on Internet Computer, representing a privacy-first communication platform milestone.
Swiss Subnet went live with 13 independent node providers across Switzerland and Liechtenstein ensuring data sovereignty.
Has partnerships with Deutsche Telekom, Swiss Post, and Internet Identity Labs.
Signed MoU with Pakistan government and Pakistan Digital Authority for national ICP subnet, sovereign AI cloud, Caffeine AI licenses, and national messenger. Conducts institutional dApp pilots for on-chain AI execution in enterprise environments.
Ranks 4th in development activity over the past 30 days by Santiment's GitHub activity methodology, a decline in rank.
Launched Caffeine AI Platform V2 for full on-chain LLM compute, scaling AI compute by 3x for dApps in Q1 2026; V3 set for February 9, 2026.
Reached hundreds of thousands of unique builders using the platform monthly.
Experienced over 50% crash during the February 5, 2026 market downturn, placing it among "ETH killers" like AVAX and NEAR.
Recorded $220M in whale inflows over a 24-hour period on 2026-01-23, ranking second among major crypto projects by whale accumulation volume.
CKUSDT and CKBTC listed on MEXC with zero fees.
World Computer Day announced for Davos.
ALPHV ransomware group announced plans to use Internet Computer Protocol (ICP) blockchain for ransomware leaks and negotiations, stating they chose ICP because it can run smart contracts on servers.
Current cycle burn rate stands at 0.05 XDR/second with target to increase to 0.77 XDR/second.
Featured in HTX's Wealth Torch Futures Contest alongside SOL, UNI, ZEC, and WLFI with $50K prize pool and $10K gold bar grand prize.
40% of ICP supply is currently staked.
Exchange supply decreased by 3.7% in 7 days as ICP moved to self-custody.
Reached Mission 70, cutting inflation to 4%. Targets 70% reduction in new token minting/issuance by end of 2026 via voting rewards reform and demand-driven burns.
Deployed over 10,000 new canisters in the first 5 days of 2026.
Plug Wallet web version now live.
Reached 1,640,711 holder addresses for the ICP token.
Launched native Dogecoin canister with trust-minimized on-chain DOGE interactions in 2025.
Upgraded NNS governance in 2025, including maturity disbursement and privacy mode. Plans VetKeys for default privacy features for encrypted messaging and data.
Launched Internet Identity 2.0 with fully passwordless, privacy-preserving authentication in 2025.
Provides Ethereum key management support for Curve Finance.
Achieved sub-50ms block times in December 2025
Reached Magnetosphere milestone, launched first TEE subnet using 7 AMD SEV-SNP-enabled nodes for hardware-backed confidentiality, encrypting smart contract state and computations in memory.
Shipped Chain Fusion and canister upgrades
ICP ranks #3 in overall crypto development activity for the past 30 days based on Santiment's GitHub methodology, with rank rising since the previous month.
Caffeine AI app-builder launches on ICP canisters with partner apps already shipped; daily cycles consumption and canister count hit 2025 highs while grants fund dozens of teams.
ICP generates $215K in 30-day revenue, ranking 11th among AI cryptocurrency projects in a comparative revenue analysis.
Trader seeks to borrow low 8-figure amount of ICP tokens (tens of millions of dollars) explicitly for market manipulation and shorting purposes.
VanEck forecasts ICP revenues to reach $4.2B by 2030 from current $500M, ranking it among top 5 AI crypto projects in their analysis.
OISY wallet releases v1.8.04 with improved swaps and signer performance; Liquidium partners with NodeStrategy for BTC treasury yield routing; ICPay demonstrates AI agent earning crypto for solving math problems; World Computer Hacker League announces winners.
Santiment ranks Internet Computer as leading developer activity among AI and Big Data crypto projects, alongside Chainlink and NEAR.
Ranks #1 in development activity by Santiment's GitHub analysis in February 2026.
Dfinity participates in Abu Dhabi Finance Week 2025 Web3 Leaders Roundtable on December 10 with BlackRock, Franklin Templeton, DTCC, Circle, Tether, and global regulators, producing a joint policy report for 50+ jurisdictions.
ICP partners with UNDP (United Nations Development Programme) on UTC initiative involving MAS (Monetary Authority of Singapore).
Network achieves 94 TB of replicated on-chain storage distributed across 47 subnets at 2 TB per subnet, doubling capacity since August.
ICP unveiled Caffeine, an AI app-builder platform, in November.
ICP now ranks among top coins by social dominance (mindshare), having entered this category within the last 3 months.
ICP achieves 100% neuron transparency with all 420,000+ neurons in the Network Nervous System now publicly indexed and accessible, enabling full transparency into staking and voting data.
ICP drops -17.5% in 24 hours, ranking 9th among tokens with $1B+ market cap by 24-hour price decline.
ICP confirms retest after breaking out from a technical level.
Santiment ranks ICP as the #4 cryptocurrency by development activity based on 30-day GitHub data, with rank declining from previous month.
ICP gains +57% over the past 30 days, ranking among the top 5 crypto gainers during a period characterized as brutal for most tokens.
ICP ranks as the #1 weekly crypto loser for the week ending November 17, 2025, according to CoinMarketCap data.
Nova social app completes transition to full community ownership through DAO structure, implementing decentralization swap for voting rights.
ICP records -10.84% decline on Nov 15, ranking as one of the biggest losers among crypto assets over 24 hours.
Price breaks below $6 level, with traders characterizing the recent rally as a pump and dump pattern.
Launched enhanced AI app-builder Caffeine with easier ICP deployment and Cloud Engines for custom node selection by country and compliance.
Odin_GodOfRunes, an ICP-based platform for trading bitcoin memecoins, reports 320k users and $1.11B total volume since January 2025.
ICP posts +25% gain over 7 days, ranking mid-tier among AI tokens with FIL leading at +69.38% and NEAR at +40.85%.
Price surges +240% over 6 days, with the move attributed to an "old coin squeezing" narrative spreading to AI/storage coins including FIL, NEAR, AR, STORJ, and FET.
ICP gains 80% over the past 7 days, leading AI altcoin price movements alongside other tokens including FIL (+73%), FET (+69%), NEAR (+42.8%), and RENDER (+23.5%).
ICP leads DePIN projects with 4.08M social interactions, nearly 3x more than second-place Filecoin at 1.59M.
ICP is now available to trade on Grvt exchange alongside Filecoin. The AI sector gained 15.5% and added $4.1B in market cap during the week, with ICP mentioned among established AI projects driving the rebound.
New ICP/INR trading pair launches today, expanding access to the Indian crypto market as part of 4 new INR pairs added to a trading platform.
ICP flips TAO to become the largest AI project by market cap at $3.8 billion as DFINITY reveals its "Caffeine" app, which enables agentic self-writing applications.
ICP futures trading launches with up to 10x leverage on EVM and Solana platforms.
ICP gained 235% between November 1-8, 2025, representing one of the largest altcoin moves of the month.
ICP ranks as #2 top daily crypto gainer on November 10, 2025 according to CoinMarketCap.
$8.40 identified as key resistance level that must be reclaimed for advance to new highs following a lower timeframe bounce from support.
Motoko language adds seamless cross-language interoperability with Candid interfaces, eliminating manual coding for blockchain canister-frontend communication and auto-generating interfaces for developers.
A trader claims ICP exemplifies an AMD (Accumulation, Manipulation, Distribution) pattern with October activity being manipulation and the market now entering the distribution phase.
ICP becomes available for trading across all Based Terminals platforms.
5x leverage trading (long and short positions) is now available for ICP by community request.
Price trades at almost $10, breaking through the $6.70 weekly resistance level identified in previous timeline.
Volume continues to grow while price gains exceed 100% over the past week, with one trader reporting 159% returns from their initial entry point.
Traders express negative sentiment, referring to DFinity as "Dino trash" and sarcastically questioning claims about the project being undervalued.
Trader enters ICP position noting the token spent majority of the day grinding down and consolidating despite 14% gains, while the rest of the market rallied.